EV Charger Installation - A Guide to Colorado’s Incentives
As electric vehicles (EVs) become increasingly popular, the need for electric car charger installation is on the rise. The city and utility companies in Colorado give incentives to promote the installation of level 2 charger installation and EV chargers. This guide will discuss the benefits of getting an EV charger from your local electrician in Fort Collins Titus Electrical Services. Additionally, it will cover the incentives available in Colorado.
Why Install an EV Charger with Titus Electrical Services?
Titus Electrical Services is a trusted and experienced electrical contractor that specializes in EV charger installation. With over 20 years of experience, our team is knowledgeable and skilled in all aspects of EV charger installation. We provide different services, like installing EV chargers for homes and businesses. We use top-quality materials to make sure your EV charger is safe and works well.
City Incentives for EV Charger Installation
Many cities in Colorado offer incentives for EV charger installation. For example, the City of Denver offers a rebate of up to $1,000 for the installation of a Level 2 EV charger. You can get a rebate for homes and businesses that covers most of the cost of installation. Other cities, such as Boulder and Fort Collins, also offer similar rebates for EV charger installation. Check out this Colorado site to find out more https://evco.colorado.gov/get-the-facts/save-money
Federal Tax Incentives for EV Charger Installation
The federal government offers tax incentives for EV charger installation as part of their efforts to promote the use of electric vehicles. The federal tax credit for EV charger installation covers up to 30% of the cost of the installation, with a maximum credit of $1,000 for residential installations and $30,000 for commercial installations. Here is a great Forbes article to also look into.
In addition to the federal tax credit, some states also offer their own incentives for EV charger installation. For example, in California, EV charger installation is eligible for a rebate of up to $1,500 through the Clean Vehicle Rebate Project. It is important to check with your state's government website to see if there are any additional incentives available.
Utility Incentives for EV Charger Installation
In addition to city incentives, many utility companies in Colorado also offer incentives for EV charger installation. For example, Xcel Energy offers a rebate of up to $500 for the installation of a Level 2 EV charger. You can get a rebate for homes and businesses that pays for half of the installation cost. Other utility companies like Colorado Springs Utilities and Black Hills Energy also give rebates for installing EV chargers on your electrical system.
EV Charger Installation
The most obvious benefit of EV charger installation is the convenience it provides for EV owners. EV owners with a home charging station don't need to find public stations or wait in line to charge their vehicle. They can charge their vehicle at night, using cheaper electricity and saving money in the long term.
Another benefit of EV charger installation is the potential increase in property value. As more and more people switch to EVs, having a charging station at home can be a major selling point for potential buyers. This can make your property more appealing to renters, especially in areas with a high need for EV charging.
How to Take Advantage of Incentives
To take advantage of these incentives, there are a few steps you need to follow. First, you must contact Titus Electrical Services to schedule an EV charger installation. Our team will work with you to determine the best location for your EV charger and provide you with a quote for the installation. Submit documents and proof of purchase to city or utility company after installation to receive rebate.
Conclusion
Installing an EV charger with Titus Electrical Services benefits the environment and offers incentives from Colorado's city and utility companies. Now is the perfect time to switch to an electric vehicle with our knowledge and the incentives offered. Contact your local licensed electrician Titus Electrical Services today to schedule your EV charger installation and start reaping the benefits.